Singapore

YZJ Shipbuilding saw the sharpest decline amongst top active stocks with a 2.75% contraction. The Straits Times Index ended 19.37 or 0.6% lower at 3,234.56. The top active stocks were Singtel, which grew 1.83%, DBS, which fell 0.57%, UOB, which inched down 0.68%, YZJ Shipbuilding, which contracted 2.75%, and OCBC Bank with a 0.72% decline. The FTSE Mid Cap slid 0.3% whilst the FTSE Small Cap dipped 0.34%. 

And food delivery app Hi-So secures funding.

This is the fifth year the headline rate has failed to go over 1%.

Even with a quarterly increase, a rental gap could emerge as landlords shake up tenant priorities.

Demand is expected to be subdued in 2020 due to companies’ budget restraints for expansion. Office space rents saw a decrease of 3.2% in Q4 2019, a bigger plunge compared to the 0.6% slide in the previous quarter, according to a report by the Urban Redevelopment Authority (URA). For the whole of 2019, office space rentals declined 3.1%.

Prices of landed homes grew 5.7% for the whole year. Prices of private homes leapt 2.7% YoY for 2019, according to the Urban Redevelopment Authority (URA). For Q4 2019, prices also grew 0.5%. Prices of landed residential properties rose by 5.7% whilst those of non-landed properties rose by 1.9%. For Q4 2019, prices of landed and non-landed properties increased by 3.6% and fell by 0.3% respectively. For the whole of 2019, prices of non-landed properties in Core Central Region (CCR) decreased by 1.7%, whilst prices in Rest of Central Region (RCR) and Outside Central Region (OCR) increased by 2.8% and 4.2% respectively. Home rentals Rents also enjoyed growth in 2019, having risen by 1.4% compared to the 0.6% increase in 2018. For Q4 2019, rents dipped 1%. Rentals of landed properties decreased by 3.4% whilst rentals of non-landed properties increased by 1.9%. For Q4 2019, rentals of landed and non-landed properties both decreased by 1.6% and 0.9%, respectively.

Insured corporate clients can avail of video consultations through Doctor Anywhere’s app.

It will target over 4GW of installed capacity across solar and wind.

Its office and business park assets’ gross revenue and NPI rose.

The company’s acquisition of nine Viva Trust assets boosted its NPI for the year.

Income from PGIM ARF boosted its growth.

AIG Landlord Insurance will cover loss and damages not limited to the amount of the deposit.

It acts as an “gatekeeper” for authenticity and product condition.

The area posted the highest occupancy rate for retail properties.

Capitaland led the gains amongst top active stocks with a 1.3% expansion.

And Singapore is named as a destination with the richest multigenerational family offerings.